Core Insights - The business sentiment and expectations for the next month among small and medium-sized enterprises (SMEs) in Hong Kong have improved further in October 2023, continuing the upward trend observed since the second half of the year [1] Group 1: Current Business Conditions - The current business revenue index for SMEs rose from 43.8 in September to 44.8 in October, indicating a shift from contraction towards expansion [1] - The business revenue outlook index for November is projected at 47.5, suggesting continued optimism among SMEs [1] Group 2: Industry-Specific Analysis - Most industries surveyed showed an increase in the current business revenue index compared to the previous month, with the food and beverage sector rising from 38.8 to 40.7, and the retail sector increasing from 42.8 to 44.5 [1] - The current business revenue index for the import and export trade sector increased from 46.5 in September to 47.1 in October, with a forecast of 47.6 for new orders in November [1] Group 3: Economic Outlook - A government spokesperson indicated that the stable employment situation and the anticipated robust growth of the Hong Kong economy will provide strong support for local business sentiment [1] - However, ongoing external uncertainties remain a point of concern that needs to be monitored [1]

Core Insights - The current business situation index for small and medium-sized enterprises (SMEs) in Hong Kong increased from 43.8 in September 2025 to 44.8 in October 2025, indicating a slight improvement in business conditions [1] - The business outlook index for the next month (November 2025) stands at 47.5, suggesting a positive sentiment among SMEs [1] Industry Analysis - The business situation index for the food and beverage industry rose from 38.8 to 40.7, while the retail industry saw an increase from 42.8 to 44.5 in October 2025 [1] - The current business situation index for the import and export trade sector increased from 46.5 in September 2025 to 47.1 in October 2025, with a future outlook index of 47.6 for November 2025 [1] Economic Outlook - The business atmosphere for SMEs in October 2025 has improved, continuing the upward trend observed since the beginning of the second half of the year [1] - Overall employment conditions remain stable, and the Hong Kong economy is expected to grow steadily, providing strong support for local business sentiment [1] - However, ongoing external uncertainties will need to be monitored closely by the government [1]

Core Insights - The business sentiment and future expectations of small and medium-sized enterprises (SMEs) in Hong Kong have improved further in September, with overall employment conditions remaining stable [1] Group 1: Business Performance Indicators - The current business performance index for SMEs rose from 42.3 in August to 43.8 in September, while the business outlook index for October is at 47.2 [1] - All industries surveyed showed an increase in their respective indices compared to the previous month, with the real estate sector rising from 43.9 to 47.1, retail from 41.1 to 42.8, and logistics from 40.5 to 42.2 [1] Group 2: Trade and Orders - The current index for new orders in the import and export trade sector increased from 44.2 in August to 46.5 in September, with the outlook index for October at 47.3 [1] Group 3: Economic Outlook - Despite ongoing uncertainties in the external environment, the robust local economy and the continuous growth of economies in other parts of Asia, particularly mainland China, are expected to support the business sentiment in Hong Kong [1]

Core Insights - The current business situation index for small and medium-sized enterprises (SMEs) in Hong Kong increased from 42.3 in August 2025 to 43.8 in September 2025, indicating a slight improvement in business conditions [1] - The future business outlook index for October 2025 is projected at 47.2, suggesting a more optimistic sentiment among SMEs [1] - All sectors surveyed showed an increase in their respective indices in September 2025, particularly in real estate (from 43.9 to 47.1), retail (from 41.1 to 42.8), and logistics (from 40.5 to 42.2) [1] Industry Analysis - The current index for new orders in the import and export trade sector rose from 44.2 in August 2025 to 46.5 in September 2025, with a future outlook index of 47.3 for October 2025 [1] - The business atmosphere for SMEs in Hong Kong has improved, with stable employment conditions reported [1] - Despite ongoing uncertainties in the external environment, the robust local economy in Hong Kong and growth in mainland China are expected to support the business climate [1]

Core Insights - The current business situation index for small and medium-sized enterprises (SMEs) in Hong Kong is reported at 42.1 for July, indicating a contraction in business activity, while the outlook index for August is at 45.5, suggesting a slight improvement in expectations [1] Industry Analysis - The real estate sector's current business situation index increased from 44.2 to 46.2, indicating a positive trend in this industry [1] - The commercial services sector also saw an increase in its index from 43.5 to 44.8, reflecting improved business conditions [1] - The current situation index for new orders in the import and export trade sector remained stable at 45.0 for July, with an outlook index of 47.0 for August, suggesting a cautious optimism in this area [1] Economic Outlook - A government spokesperson noted a slight improvement in the business atmosphere for SMEs in July and their expectations for the upcoming month [1] - Despite high uncertainties in the external environment, the resilience of the local economy and steady growth in the mainland economy are expected to provide support for Hong Kong's business climate [1]

Core Insights - The current business situation index for small and medium enterprises (SMEs) in Hong Kong increased from 41.6 in June 2025 to 42.1 in July 2025, indicating a slight improvement in business conditions [1] - The future business outlook index for August 2025 is projected at 45.5, suggesting a more optimistic view among SMEs [1] - Specific industries, such as real estate and commercial services, showed notable increases in their respective indices, with real estate rising from 44.2 to 46.2 and commercial services from 43.5 to 44.8 [1] Industry Analysis - The current orders index for the import and export trade sector remained stable at 45.0 in July 2025, while the future orders outlook index for August 2025 is at 47.0, indicating potential growth [1] - The government spokesperson noted a slight improvement in the business atmosphere for SMEs and stable overall employment conditions [1] - Despite high uncertainty in the external environment, the local economy remains resilient, supported by steady growth in the mainland economy [1]

Core Insights - The business revenue index for various major service industries in Hong Kong showed significant increases in Q1 2025 compared to Q1 2024, particularly in the financial sector (excluding banks) (+32.5%), insurance (+23.1%), import-export trade (+19.4%), and banking (+19.0%) [1][3] - Conversely, the real estate (-6.7%) and retail (-6.5%) sectors experienced declines in their business revenue indices during the same period [1] - The computer and information technology services sector saw a remarkable increase of 60.2% year-on-year, while the tourism, conference, and exhibition services sector had a modest increase of 1.1% [1] Service Sector Analysis - Comparing Q1 2025 to Q4 2024, the business revenue index for the insurance sector rose by 32.5%, import-export trade by 20.3%, and banking by 19.9%, all showing double-digit growth [1] - The real estate sector's business revenue index decreased by 5.7% in the same comparison [1] - The computer and information technology services sector experienced a 50.3% increase, while the tourism, conference, and exhibition services sector saw a slight increase of 0.7% [2] Future Outlook - The spokesperson for the Hong Kong government indicated that the growth in the economy is expected to support the business of service industries, with ongoing growth in the mainland economy and various measures by the Hong Kong government to enhance economic momentum [3] - However, some industries may face challenges due to uncertainties in the external environment and changes in consumer behavior among residents and travelers in the local market [3]